Invesco E Correlations
| ACPSX Fund | USD 9.13 0.01 0.11% |
The current 90-days correlation between Invesco E Plus and Ab Impact Municipal is -0.08 (i.e., Good diversification). The correlation of Invesco E is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Invesco E Correlation With Market
Average diversification
The correlation between Invesco E Plus and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco E Plus and DJI in the same portfolio, assuming nothing else is changed.
Invesco |
Moving together with Invesco Mutual Fund
| 0.74 | PXQIX | Invesco Select Risk | PairCorr |
| 0.63 | STBAX | Invesco Short Term | PairCorr |
| 0.66 | STBCX | Invesco Short Term | PairCorr |
| 0.67 | STBYX | Invesco Short Term | PairCorr |
| 0.65 | STBRX | Invesco Short Term | PairCorr |
Related Correlations Analysis
| 0.62 | 0.69 | 0.64 | 0.42 | 0.64 | ABIMX | ||
| 0.62 | 0.88 | 0.75 | 0.68 | 0.75 | GABXX | ||
| 0.69 | 0.88 | 0.85 | 0.72 | 0.85 | ELMXX | ||
| 0.64 | 0.75 | 0.85 | 0.77 | 1.0 | FMFXX | ||
| 0.42 | 0.68 | 0.72 | 0.77 | 0.77 | FMVUX | ||
| 0.64 | 0.75 | 0.85 | 1.0 | 0.77 | FZDXX | ||
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Risk-Adjusted Indicators
There is a big difference between Invesco Mutual Fund performing well and Invesco E Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco E's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABIMX | 0.22 | (0.01) | 0.00 | 0.29 | 0.00 | 0.53 | 1.95 | |||
| GABXX | 0.03 | 0.00 | 0.00 | 0.28 | 0.00 | 0.00 | 1.01 | |||
| ELMXX | 0.03 | 0.00 | 0.00 | 2.31 | 0.00 | 0.00 | 1.01 | |||
| FMFXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| FMVUX | 0.77 | 0.08 | 0.08 | 0.23 | 0.68 | 1.98 | 5.60 | |||
| FZDXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |